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In law, fraud is an intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law or criminal law, or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. [1]
Insurance fraud includes a wide variety of schemes in which insureds attempt to defraud their own insurance carriers, but when the victim is a private individual, the con artist tricks the mark into damaging, for example, the con artist's car, or injuring the con artist, in a manner that the con artist can later exaggerate.
Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or ...
In addition to the other steps we outlined, these tools can help you stay on top of potential fraud payments. Examples include: Chase Stored Cards, where its credit card users can get help finding ...
Car insurance fraud examples could include a simple lie, like listing a false ZIP code on your policy information to get a lower rate, or something as serious as deliberately causing an accident ...
Elizabeth Holmes, convicted of 4 counts of felony fraud in January 2022 – three counts of wire fraud, and one of conspiracy to commit wire fraud for misleading investors on the biotech company Theranos, a diagnostics company claiming to be able to perform multianalyte clinical chemistry using unsound liquid-handling tech. Company results were ...
For example, if you paid thousands of dollars to attend college this year, you might be eligible to claim an education tax credit to reduce your taxes. But don’t forget to include Form 8863 ...
A prime example was the global 2008 Beijing Olympic Games ticket fraud run by US-registered "Xclusive Leisure and Hospitality", sold through a professionally designed website with the name "Beijing 2008 Ticketing". [11] On 4 August it was reported that more than A$50 million worth of fake tickets had been sold through the website. [12]